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THEORETICAL FOUNDATIONS FOR STICKY WAGES (1990)

Haley, James

Oxford, UK : Blackwell Publishing Ltd

Journal of economic surveys 4 (1990), S. 0

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ISSN: 1467-6419

Source: Blackwell Publishing Journal Backfiles 1879-2005

Topics: Economics

Notes: Abstract. The paper compares three different types of theoretical explanation of ‘sticky’wages. They are implicit contracts, efficiency wage models and insider/outsider models. It then reconsiders Keynes’rationale for sticky wages, which focuses on relative wage issues. Finally, the paper considers possible directions for future research.

Type of Medium: Electronic Resource

URL: http://dx.doi.org/10.1111/j.1467-6419.1990.tb00083.x

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